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Why would the SVM price fall back again? SVM was C$4.89 a year...

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tweetie2000

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21/03/24

16:07

Post #: 72998389
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Originally posted by nordesmic: ↑

The issue is that the market value of SVM shares is heavily influenced by their offer. Last night the stock moved 11%, the first 5% of which occurred before the Fed speech. That 5% was surely due to market perception that Silvercorp is now less likely to win the bidding war and dilute their stock. If a higher 'implied' offer comes then their share price will very likely fall back again.

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Why would the SVM price fall back again?
SVM was C$4.89 a year ago and now only C$4.15, while the silver price is higher.
I think the SVM offer is much better than the PRU one, though it goes up and down a lot along with SVM shareprice.

ORR Price at posting: 58.0¢ Sentiment: None Disclosure: Not Held
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